VN stocks mixed, energy sector up
Vietnamese shares were mixed on Wednesday morning with strong growth in the energy sector, while capital continued to switch from large-cap stocks to mid-cap and small-cap groups.
Vietnamese shares were mixed on Wednesday morning with strong growth in the energy sector, while capital continued to switch from large-cap stocks to mid-cap and small-cap groups.
The benchmark VN Index on the HCM Stock Exchange inched up 0.16 per cent to close at 935.54 points. It fell 0.28 per cent on Monday.
The HNX Index on the Ha Noi Stock Exchange dropped 0.15 per cent to end at 105.39 points. In the previous two sessions, the northern market index fell a total of 1.92 per cent.
More than 150.8 million shares were traded on the two local exchanges, worth VND2.59 trillion (US$115 million).
Energy stocks led the market, following recent gains of global oil prices. Brent crude rose 0.65 per cent to trade at $73.92 a barrel.
Vietnamese energy stocks dragged the sector up 1.4 per cent, including PetroVietnam Drilling and Well Services (PVD), and PetroVietnam Technical Services (PVS).
Other industries that also recorded good performances were food and beverage, plastic production, agriculture and property development.
Capital continued withdrawing from blue chips to turn to mid-cap and small-cap stocks. Among the blue-chip stocks that declined were Vietcombank (VCB), Vincom Retail (VRE), budget air carrier Vietjet (VJC) and brewer Sabeco (SAB). — VNS
